ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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high taxes
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loosening regulations
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who takes risks
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lot of regulations
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lower in Europe
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Detailed explanation-1: -An entrepreneur is an individual who takes the risk to start their own business based on an idea they have or a product they have created while assuming most of the risks and reaping most of the rewards of the business.
Detailed explanation-2: -Most entrepreneurs are risk-takers by nature, or at minimum calculated visionaries with a clear plan of action to launch a new product or service to fill a gap in the industry.
Detailed explanation-3: -There are some clear benefits to taking intentional risks when starting or scaling a business, including: Getting the first-mover advantage. Learning quickly from your wins (and failures) Expanding your experimental mindset.
Detailed explanation-4: -Entrepreneur is an economic man who tries to maximize his profits by innovations. D) strength of the business idea. Richard Cantillon, an Irish man living in France, was the first who introduced the term ‘entrepreneur’ and his unique risk-bearing function in economics in the early 18th century.